Federation of Employers of Ukraine signed the Memorandum of Understanding with the largest business-association of European Union BUSINESSEUROPE. This event took place on the eve of X Congress of the Federation of Employers of Ukraine, which was held in Kyiv on December 2. By signing this significant document EU business showed its readiness for joint projects with Ukrainian business, and expressed a desire for constant communication at level of business organizations.

Plan of Modernization of Ukraine, which was presented and approved at the Congress of Federation of Employers of Ukraine, started its implementation from stimulating investments in Ukrainian economy. A draft law №3544 about the special regimes of investment and innovation activities with using the principal of subsidiarity is registered in the Verkhovna Rada. The initiator of the development of the draft law in the summer of this year was the Federation of Employers of Ukraine and the initiative of industrialists was supported by the group of experts and members of the Parliament headed by Anatoly Hirschfeld.

The registered draft law contains clearly defined conditions and incentives for attracting foreign and domestic investments. The main conditions for the investor to obtain the incentives offered to determine:- The minimum amount of investments, which should not be less than 500 thousand of Euros, both for domestic and foreign investors;- Creation of at least 25 new jobs in Ukraine;- Investment should promote increasing of average salary at enterprise or its particular structural unit and its amount should be at least 2,5 times more than the minimum salary.

Instead, the investor, whether he will build a new plant, or will be reconstructing the unit of the plant will be able to receive motivation for doing business in Ukraine. Among the motivations, offered to investors is the special tax regime including 100-percent depreciation, tariff concessions on imports of new equipment or supplies required for implementation of the project. In addition, the draft law provides a special regime of Single Contribution payment, exemption from payment of share participation in infrastructure development, as well as special regime of non-tariff regulation in foreign trade.

Today, experts predict that possible investments only in the processing industry of Ukraine within 3 years from the introduction of such investment incentive law will be in the amount of 9 billions of Dollars. In the Federation of Employers of Ukraine hope that the abovementioned draft law will be implemented in Ukraine.

Federation of Employers of Ukraine signed the Memorandum of Understanding with the largest business-association of European Union BUSINESSEUROPE. This event took place on the eve of X Congress of the Federation of Employers of Ukraine, which was held in Kyiv on December 2.

"Ukraine can return on its way of development within the short period of time, Ukraine has all the possibilities to be reach and industrialized country. Our Plan of Modernization of Ukraine, designed for 10 years, in the next year could bring noticeable results for Ukrainian economy and citizens", - noticed Dmytro Firtash.

VIENNA, May 13, 2015. Founded in March 2015, The Agency for the Modernisation of Ukraine (AMU) aims at uniting the knowledge of outstanding experts and experienced politicians from all over Europe. This cumulated know-how should conduce to the support of Ukraine and its further development. The programme process as a basis for this was launched today at the meeting of all the leaders in Vienna.

They continue working despite the war and the crisis. They preserve jobs. They pay salaries. Someone to several people, someone to tens thousands of people. Because this are the people, whom they care of. This is their business, their country and they want to save it. Ukrainian Employers offer to society and government their plan. It is time to revive the country together.

Japan, year 1950. The volume of production is only 20% of the prewar level. Thanks to the Arisava’s reform plan country buys tens of thousands of patents and licenses and develops its own high-tech production. Today Japan is a real technological giant. The solution exists!

South Korea, year 1960. The economy is in a catastrophic situation. One of the main export products - wigs. The Koreans sell their hair in order to earn at list some money. Thanks to Park Chung-hee’s reforms a new export-oriented economy was built only in 10 years. Today South Korea is one of the most powerful economies of the world, the sixth world exporter, the real Asian Tiger. They managed and we will do. The solution exists!

Poland, year 1989. A deep economic crisis. Around half of the enterprises are on the verge of stopping. Thanks to Balcerowicz’s plan, the country managed to attract foreign investors and for today in Poland the average salary is 950$ and the average pension is 400$. Today Poland is one of the richest countries of Eastern Europe. They managed and we will do. The solution exists!

Germany, year 1945. Half of all the buildings are damaged or destroyed. The products are distributed by cards, and the industry is not functioning. Thanks to Ergard’s reform plan in five years Germany stopped using food cards. In ten years the destroyed industry was renewed. In fifteen years Germany completely rebuilt all the housing facilities. The country became the third in the world by the volume of production. Today, Germany - one of the strongest economies in the world. The solution exists!

Congress News

The Congress of the Federation of Employers of Ukraine under the slogan “Let’s revive Ukraine together”. The event is focused on the European and Ukrainian visions of Ukraine’s economy lifting out of the protracted recession.

Dmitry Firtash

World-renowned economists recommend Ukraine to purposefully manage the economy, and not leave it to the mercy of the free market. And this management should be done not solely by the state, but by the Government–Business–Society triangle.